Senators’ Global Warming Proposal 12/11

Institute for Public Accuracy
980 National Press Building, Washington, D.C. 20045
(202) 347-0020 * http://www.accuracy.org * ipa@accuracy.org
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Sens. John Kerry, Joseph Lieberman and Lindsey Graham yesterday had a
news conference where they talked about a "framework" for legislation on
global warming. Said Lieberman: "You remember the artist formerly known
as Prince? This is the market-based system for punishing polluters
previously known as 'cap and trade.'"
DAPHNE WYSHAM
Wysham is a fellow of the Institute for Policy Studies. She is a
content adviser to the new short film "The Story of Cap and Trade"
http://www.storyofstuff.com/capandtrade .
Wysham said today: "While tens of thousands of concerned global
citizens are gathered in Copenhagen, grappling with the staggering
impacts already being felt by the poorest people globally due to climate
change, the best our Senate can do is reiterate support for a target
that will get America nowhere near what is required of us to achieve
climate stability. Instead of leading, we are surrendering to what is
most expedient for our most heavily subsidized industries -- the fossil
fuel and nuclear industries.
"The [senators'] statement suggests strong support for nuclear
power. The amount of money and energy required to store the carbon
emitted by coal -- if the technology is ever proven -- and nuclear power
would be far better spent on investments in energy resources we know
will be with us forever -- namely, wind, solar, and other non-fossil and
non-nuclear-based energy resources.
"The statement also claims it supports the inclusion of a
significant quantity of 'verifiable offsets' -- which is, according to
the U.S. Government Accountability Office, an oxymoron. Carbon offsets
are akin to 'subprime mortgages': They will drive speculators to invest
in an invisible, highly corruptible, unverifiable market while doing
nothing to stabilize our climate.
"Finally, the statement disparages the role of government
regulation and claims that a 'market approach' is preferable. If ever
there was a time to not place all of our faith in Wall Street traders to
solve our nation's problems, this is it."
Wysham recently wrote the piece "Cap and Trade Should Go the Way of
the DoDo Before We Do."
http://www.huffingtonpost.com/daphne-wysham/cap-and-trade-should-go-t_b_374255.html
A debate is being held this evening in Copenhagen on "cap and trade" at
7 p.m. local time (1 p.m. ET) with:
* Dirk Forrister, now managing director of Natsource LLC, an
environmental fund management and advisory firm and previously chairman
of the White House Climate Change Task Force in the Clinton
administration and the energy program manager at Environmental Defense Fund
* Michael Dorsey, assistant professor in Dartmouth College's
Environmental Studies Program and the director of the college's Climate
Justice Research Project
For live video, see: http://live.tcktcktck.org
For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020, (202) 421-6858; or David Zupan, (541) 484-9167